Call for Comments: [Draft] Endorsement Criteria Assessment of IFRS 18 Presentation and Disclosure in Financial Statements

The UKEB invites stakeholders’ views on the [Draft] ECA’s tentative conclusions regarding the potential UK adoption of IFRS 18. Stakeholder feedback is important to the UKEB in determining whether IFRS 18 aligns with the needs of UK entities preparing financial statements, users of financial reporting, other affected stakeholders and whether it is overall suitable for use in the UK.

Stakeholders are invited to provide feedback via the Invitation to Comment Form. For any further enquiries please email [email protected]. Comments are welcome until 7 October 2025.

IFRS 18 was issued by the IASB in April 2024, with an effective date of 1 January 2027. IFRS 18 sets out overall requirements for presentation and disclosures in the financial statements.

The UKEB has considered whether the standard meets the statutory criteria for formal adoption for use in the UK. Its assessment is included in the IFRS 18 [Draft] ECA, published on 9 July 2025. The UKEB is seeking stakeholder views on its assessment and will accept comments submitted until 7 October 2025.

A webcast of the UKEB Technical Director, Seema Jamil-O’Neill, introducing the UKEB’s [Draft] Endorsement Criteria Assessment ([Draft] ECA) of IFRS 18 Presentation and Disclosure in Financial Statements, is also available.

More information on the UKEB’s approach to this project and other educational materials can be accessed on our website.